Senate Republicans say they won't support tax bill that doesn't make Trump cuts permanent
Senate Majority Leader John Tune (Rs.D.) and other Republican senators vote for a permanent extension of President Trump's 2017 tax cuts, not a temporary extension. A bill that includes the president's legislative agenda that vowed to throw the wrench into an effort to advance the House Republican version. Nine Republican senators, including Mike Krapo (Idaho), […]
January inflation gives Fed more reason to hold on interest rate cuts
Egg prices rose more than 15% in January. (ISTOCK)) Annual inflation rose to 3% in January, rising above expectations, giving the Federal Reserve further reason to slow interest rate cuts. According to the Consumer Price Index (CPI), inflation rose 0.5% each month, slightly above expectations, up over the previous month's 0.4% increase. Released by the […]
Andy Barr Details Republican Plan to ‘Whip Inflation’ with Tax Cuts, DOGE
Rep. Andy Barr (R-KY) “whips “inflation” by enacting President Donald Trump's economic agenda, cutting taxes, cutting spending with Doge and unleashing energy control “He told Breitbart News. The Labor Department said Wednesday that consumer prices rose 3% in January, demonstrating a more sustained phenomenon inflation and increasing inflation. Barr, chairman of the House Financial Services […]
Why Trump Is Right That Tariffs and Rate Cuts Go Hand in Hand
How tariffs can push the Fed and lower interest rates? Heads that the president exploded across the financial media on Wednesday Donald Trump has declared that tariffs and lower fees are holding hands. Writing about the true society, Trump declared: “We need to lower our interest rates. This is something we'll be holding hands with […]
JPMorgan starts first round of layoffs with more cuts later this year: report
The JPMorgan Chase manager began notifying employees of job cuts last week as part of a series of layoffs expected by the bank throughout 2025. Barron's reported On Wednesday, I quote people familiar with the issue. Less than 1,000 employees will be fired in February, the report said, adding that the bank will announce more […]
DOGE has 100 staffers as Musk vows to find $1T in cuts: Trump
WASHINGTON – The government's efficiency department now has around 100 staff seeking cuts in federal spending, President Trump said Wednesday. “I want to praise Elon… They started at 12. I call them 12 geniuses. They started at 12 and went to 20 and 25, but now they help them There are up to 100 people […]
Farah Griffin: Trump 'giving himself distance' by putting Musk in charge of massive cuts
Former White House staffer Alyssa Farrr Griffin said President Trump is “giving distance” by being responsible for controversial cuts to federal spending at various agencies. “What Trump is doing with Elon being in charge of overseeing the federal government, and these massive cuts are that he is keeping his distance from when he inevitably isn't […]
U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts
Shoppers reach for a carton of eggs to customers to limit purchases in South Pasadena, California on February 10, 2025. The revival of the bird flu, which first hit the US in 2022, has ravaged customer farms, causing egg prices to rise and rattle consumers who are used to buying this meal staple for just […]
Consumer Prices Up 3% In January, Crushing Chances of Rate Cuts
In January, US inflation rose. The Labor Ministry said Wednesday that the Consumer Price Index (CPI) rose 0.5% from the previous month, up more than expected. Compared to a year ago, consumer prices have risen by 3%. Economists had expected the monthly inflation pace to 0.3% after prices rose 0.4% in December. The median forecast […]
Inflation Stayed Sticky in January, Keeping Fed Rate Cuts at Bay – The New York Times
US inflation rose to 3% in January, and the Federal Reserve stepped up its lawsuit to extend its suspension of interest rate cuts. The consumer price index jumped higher than expected, with data from the Labor Bureau of Statistics Office shown Wednesday, up 0.5%, the fastest monthly increase since December to August 2023. Last month, […]